Indiana § 36-10-3-20 Special nonreverting capital fund; purposes; withdrawals

Indiana Statutes

§ 36-10-3-20 — Special nonreverting capital fund; purposes; withdrawals

Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 3 General Park and Recreation Law

(a)Upon the request of the board, the fiscal body of the unit may establish, by ordinance, a special nonreverting capital fund for the purposes of acquiring land or making specific capital improvements. The fiscal body may include in the board's annual budget an item and an appropriation for these specific purposes.

(b)Money placed in the nonreverting capital fund may not be withdrawn except for the purposes for which the fund was created, unless the fiscal body repeals the ordinance. The fiscal body may not repeal the ordinance under suspension of the rules. [Pre-Local Government Recodification Citation: 19-7-4-25.] As added by Acts 1981, P.L.309, SEC.110. Amended by P.L.358-1987, SEC.1.

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(a) Upon the request of the board, the fiscal
body of the unit may establish, by ordinance, a special nonreverting
capital fund for the purposes of acquiring land or making specific
capital improvements. The fiscal body may include in the board's
annual budget an item and an appropriation for these specific purposes.
(b) Money placed in the nonreverting capital fund may not be
withdrawn except for the purposes for which the fund was created,
unless the fiscal body repeals the ordinance. The fiscal body may not
repeal the ordinance under suspension of the rules.
[Pre-Local Government Recodification Citation:
19-7-4-25.]
As added by Acts 1981, P.L.309, SEC.110. Amended by
P.L.358-1987, SEC.1.

Indiana § 36-10-3-20 (Special nonreverting capital fund; purposes; withdrawals) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.